The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes sound financial and economic decisions through community development and education programs.

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

In a press release, Timothy F. Geithner was named today to serve as President and CEO of the Federal Reserve Bank of New York. His appointment by the New York Fed’s Board of Directors was approved by the Federal Reserve Board of Governors and announced by Peter Peterson, chair of the New York Fed’s Board of Directors and of the search committee that selected Mr. Geithner.

Mr. Geithner is expected to assume his duties in mid-November. For more details, please access the press release.

Questions on this matter may be directed at this Bank to Linda Ricci, Assistant Vice President, Public Information.